Nintendo leaps 25% on Pokemon Go but the hurdle to killer profits is high

Nintendo shares in Japan surged on hopes that the new Pokémon Go app would give the company's mobile gaming business a serious boost. The stock closed up 24.52 percent on Monday at 20,260 yen ($199.70) per share; this followed Friday's gains of some 8.9 percent. Reuters reported that the company had added $7.5 billion to its market value in the past two sessions, while volume on Monday was at an October 2015 high. David Gibson, an analyst with Macquarie Capital Securities in Japan, told CNBC's "Street Signs" that Friday's rally in Nintendo stock was all about...
Read more: http://www.cnbc.com/2016/07/10/nintendo-shares-surge-20-pct-on-hopes-for-pokemon-go-smartphone-game.html?source=Snapzu